A - Definition of Company

Indicate whether the following statements are True or False

(i) Directors are the actual owners of a company.

(ii) A company has to be compulsorily registered under the Companies Act, 1956.

(iii) A company cannot enter into contracts in its own name

(iv) If all the members of a company die, then the company has to be wound up (i.e., dissolved).


(i) False

(ii) True

(iii) False

(iv) False.

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